Here are the headlines you Need2Know for Wednesday, October 7, 2020:

WEST WING OUTBREAK

POTUS HEALTH: While President Trump’s doctors say he is doing “extremely well” and experiencing no symptoms, medical experts agree that the president is entering a critical few days, about a week after the onset of symptoms, when many COVID-19 patients have taken a turn for the worse. NY TIMES

MORE POSITIVES: A Coast Guard admiral who was at the White House on Sept. 27 has tested positive, as has one of the president’s close military aides who is tasked with carrying the nuclear “football.” Top Pentagon officials, including the chairman of the Joint Chiefs, are in quarantine after possible exposure. Stephen Miller, senior policy adviser to the president, has also tested positive and is in isolation. CNN

VP DEBATE

Vice President Mike Pence and Sen. Kamala Harris will square off tonight in Salt Lake City for the first and only vice presidential debate of the cycle. Susan Page of USA Today will moderate, and no list of topics has been released. The candidates will be 12 feet apart on the stage and protected by plexiglass partitions, despite objections from the Pence camp that they are overkill since he has tested negative. VP debates don’t typically move votes, though this year could be different given the ages of the candidates at the top of both tickets. NPR

POLLERCOASTER

The latest round of national and swing-state polls amounts to a flashing warning sign for the Trump campaign. With less than a month until Election Day, Joe Biden has opened up a double-digit national lead among likely voters, ranging from 10 points in the Cheddar/SurveyUSA poll to 16 points in CNN/SSRS. Biden leads by 10 in Pennsylvania (Monmouth) and 8 in Arizona (NYT/Siena), and is consolidating support among seniors, according to several surveys. Polls are a snapshot and time and not necessarily predictive of where the race will be on Nov. 3 -- and if this year has taught us anything, it’s that anything can happen -- but Biden appears to be pulling away in the race as of right now. CHEDDAR

MAJOR HURRICANE

Hurricane Delta rapidly intensified over the last 24 hours and is now approaching landfall near Cancún, Mexico as a strong Cat 3 storm with 120 mph winds. The system will likely weaken as it moves over the Yucatán, but conditions in the Gulf are ideal for it to regain strength as it sets its sights on the hurricane-weary U.S. Gulf Coast later this week. TRACK

TRUMP ENDS STIMULUS TALKS

Stocks plummeted after President Trump declared that he was halting all stimulus negotiations until after the election. The president says he has instructed Senate Republicans to instead “focus full time” on the Supreme Court nomination. Hours before the sudden reversal -- Trump had urged stimulus negotiations to continue just three days earlier -- Fed Chair Jerome Powell argued that Congress needs to go big on a new stimulus in order to avert long-term economic fallout from the pandemic. Overnight, Trump contradicted himself with new tweets urging some kind of immediate economic relief. NBC NEWS

IPHONE ANNOUNCEMENT

Apple has officially announced the event that will likely be used to introduce the new iPhone 12. The virtual event, scheduled for next Tuesday at 1 pm ET, is being teased with a “Hi, Speed” tagline -- a good indication that it will feature the first-ever 5G iPhone. Apple watchers expect four iterations of the new flagship device that will differ in size, price and camera technology. 9TO5MAC

LAKERS ONE WIN AWAY

LeBron James led the Lakers to a Game 4 win over the Heat, putting the franchise within one victory of its 17th championship. James had a huge second half to take control of the game; before tip-off he had texted his teammates two words: Must win. And they did. Game 5 -- win or go home for Miami -- is Friday night. ESPN

IN MEMORIAM: EDDIE VAN HALEN

Eddie Van Halen, the influential guitar virtuoso whose eponymous band helped usher in the “hair metal” era, has died at 65. The cause was cancer, according to his family. Van Halen’s mastery of the guitar -- despite never having learned to read music -- is widely considered to have reoriented the course of popular rock ‘n roll toward the explosive, glam sound that defined the 1980s. OBIT

STERN PAYDAY

Howard Stern is reportedly nearing a contract extension with Sirius XM that would net him $120 million per year, a healthy bump in pay for the satellite-radio shock jock whose previous contracts were in the $80-100 million range. Stern’s ability to command that much money is made all the more notable by the fact that the biggest paydays in audio are going to podcasters, not radio hosts. In fact, Stern had talks with Spotify but they did not go very far. BLOOMBERG

LEFTOVERS: THANK YOU, THOR!

After 3,000 years, Tasmanian devils have returned to Australia’s mainland. Conservationists have released a total of 26 of the meat-eating marsupials into a wildlife sanctuary near Sydney. The hope is that they will help naturally rebalance the ecosystem and push back the incursion of invasive species. Australia’s own Chris Hemsworth helped do the honors: WATCH

Listen to the N2K Podcast! Looking for more context and analysis on the big stories of the day? Check out our podcast! Hosts Jill and Carlo break down the headlines, every weekday morning Listen on Apple or Spotify, or watch on YouTube, and send us your feedback!

Share:
More In Culture
How to Maximize Your Credit Card Rewards Usage
Matt Schulz, Chief Credit Analyst at LendingTree, joins Cheddar to break down the different types of credit card rewards that are out there, which states utilize rewards more than others, and how to get the most out of your credit card rewards.
Global Consumer Spending in Mobile Apps Reached $133 Billion in 2021, Sensor Tower Says
While people have been spending more time on their phones throughout the pandemic, a new report shows they were also spending more money as well. A review from Sensor Tower on the global app ecosystem this year found that the app economy will see record consumer spending in 2021, up nearly 20% from 2020. Sensor Tower director of sales and financial institutions Anthony Bartolacci joins Cheddar News' Closing Bell to break down the report.
Florida's Seminole Tribe Suspends Online Sports Betting App After Federal Court Ruling
The future of gambling in Florida recently suffered a major setback after a federal appeals court rejected a request from the state and the Seminole Tribe to allow online sports betting in the state. Now, the tribe has been forced to stop taking bets on its Hard Rock sportsbook app. ESPN gaming writer David Purdum joins Cheddar News' Closing Bell to discuss what this could mean for the future of sports betting in Florida.
Web3 Project Tool Thirdweb Raises $5 Million
Web3 software startup Thirdweb has raised $5 million in a funding round, coming from a group of high-profile investors, including Gary Vaynerchuk and Mark Cuban. Thirdweb says it is paving the way for the revolution surrounding the new iteration of the internet known as web3, by offering users free tools to build their own web3 projects. Thirdweb's co-founders Steven Bartlett and Furqan Rydhan join Cheddar News' Closing Bell to discuss.
Coatue and Tiger Global Purchase $100 Million Braintrust Tokens to Seed Decentralized Web3 Talent Network
Decentralized talent network Braintrust recently closed an atypical equity deal that involved investors buying $100 million in Braintrust tokens, the company's cryptocurrency. Braintrust's talent network is built on blockchain technology, which the company says allows it to be owned and built by users, instead of a centrally-controlled corporation. Braintrust users can also earn tokens for their contributions to the network and its growth. Braintrust co-founder Adam Jackson joins Cheddar News' Closing Bell to discuss.
Elon Musk Named Time's Person of the Year for Pioneering Work on Earth — and Beyond
Time magazine has unveiled SpaceX and Tesla CEO Elon Musk as Person of the Year for 2021. Jeffrey Kluger, editor at large for Time, told Cheddar that Musk's impact on so many facets of forward-looking industries like crypto, solar power, electric vehicles, and especially his work on space travel were the reasons behind the selection. "On balance, Musk is performing on so many levels and in so many venues that it was hard not to consider him our Person of the Year," he said. Kluger also noted that the choice is based upon the influence the subject has had, whether good or bad and is not a judgment on its own.
Unpacking Racial Trials in America
The recent verdicts of the Kyle Rittenhouse and Ahmaud Arbery murder trials have put a spotlight on the country's justice system. Experts have pointed to the explicit racial undertones in the high-profile trials, as well as the increased levels of stress that may be felt by communities of color because of the prevalence of these trials. Kailee Scales, CEO of Pencils of Promise and former first managing director of Black Lives Matter Global Network Foundation, joins Cheddar News to discuss.
Load More